(1924-1991)-Centrally planned economics -production of particular manafactured goods in particular places-economic interdependence=national unity-labor compensation not based on productivity-money not the problem, just nothing to buy-centralized, no flexibility

Economic and political system based on organized crime-underground economy (black market) flourished

Oligarchs

Russia’s leading business people. Fabulously wealthy and powerful

Oil and gas

(2000s boom)-25% of national economy-27 percent of world’s natural gas-2nd largest oil exporter in the world (behind Saudi Arabia)-State controlled energy companies-too dependent on a single commodity?